When an oversight leads to an overdraft, this service could help close your financial gap.
Get financial backup for your WSB checking account and debit card activity
When you lose track of your balance and overdraft your account, you take on hefty charges and deal with declined transactions. With Bounce Protection, we may choose to cover your overdraft automatically for a fee that's smaller than what a merchant might charge.
- Your Bounce Protection limit may be available for checks and other transactions made using your Watertown Savings Bank checking account
- You can opt-in for coverage of ATM transfers and withdrawals along with debit card purchases
- The amount of the overdraft plus our $30 per-item overdraft fee will be deducted from your overdraft limit
- If the item is returned, the returned item non-sufficient fund fee of $30 will be deducted from your account
- No interest will be charged on the overdraft balance
As long as you maintain your account in “good standing,” we may approve your overdraft items as a courtesy.
What Does "Good Standing" Mean?
For overdraft privilege consideration, your account is in “good standing” if you:
- Make sufficient deposits to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all bank fees and charges)
- Avoid excessive overdrafts suggesting the use of Bounce Protection as a continuing line of credit; and
- There are no legal orders, levies or liens against your account